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Lakewood, NJ Utility & Living Guide
Lakewood, NJ offers a vibrant community with a mix of suburban charm and urban conveniences.
Monthly Utility Costs
$120/mo
$50/mo
$45/mo
$25/mo
$65/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1200/mo |
| 2 Bedrooms | $1600/mo |
| 3 Bedrooms | $2100/mo |
| Median Home Price | $320,000 |
| Property Tax Rate | 1.2% |
| Avg Childcare/mo | $1000 |
Lakewood’s housing market is competitive, with steady demand driven by its growing population. Prices have risen due to limited inventory and high demand from families and commuters.
Cost of Living
105
+5% above national average
102
98
100
$1000
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 7.5% |
| Property Tax Rate | 1.2% |
| <p>State 6.625% + County 0% + City 0.875%</p> | |
New Jersey has a progressive income tax system with rates ranging from 1.4% to 10.75%.
Family & Relocation
50
6.5/10
$1000/mo
City Pulse
Public transit is limited, but major bus routes are accessible. Sidewalks are common in residential areas.
- Lake Carasaljo
- Allaire State Park
- Lakewood BlueClaws Stadium
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Lakewood based on your household profile.
Local Briefing & Neighborhood Pulse
Local Regulation Notice
Lakewood has strict zoning laws and requires permits for most home renovations. Short-term rentals are heavily regulated.
Relocation Overview
Lakewood is experiencing rapid growth in its retail and healthcare sectors. Rising home prices and rental costs are key financial trends impacting residents.Live Local News
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Lakewood — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs peak in winter due to heating needs, while summer sees higher electricity usage for air conditioning. Gas bills can double in colder months.
🏛️ Local Tax Details
Key ZIP code level tax info: property tax millage rates vary by neighborhood, with no local surtaxes specific to Lakewood county.
👶 Family & Stroller Friendliness
7/10 with explanation: Sidewalks are well-maintained in most areas, parks are accessible, but public transit lacks stroller-friendly features.
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